D1 Capital Partners L.P. Invests $82.30 Million in Lineage, Inc. (NASDAQ:LINE)

D1 Capital Partners L.P. acquired a new position in Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,050,000 shares of the company’s stock, valued at approximately $82,299,000. Lineage comprises approximately 1.6% of D1 Capital Partners L.P.’s portfolio, making the stock its 20th largest position. D1 Capital Partners L.P. owned approximately 0.46% of Lineage at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in shares of Lineage during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new stake in Lineage during the third quarter worth $34,000. Spirit of America Management Corp NY bought a new stake in Lineage in the 3rd quarter valued at $165,000. MetLife Investment Management LLC bought a new stake in Lineage in the 3rd quarter valued at $226,000. Finally, Amalgamated Bank acquired a new position in shares of Lineage in the 3rd quarter valued at $255,000.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $64.46 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a 1-year low of $62.50 and a 1-year high of $89.85. The stock’s 50-day moving average price is $72.96.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that Lineage, Inc. will post 3 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Lineage in a research report on Monday, August 19th. They issued a “neutral” rating and a $88.00 price target for the company. Piper Sandler assumed coverage on Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $102.00 target price for the company. Baird R W raised Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Royal Bank of Canada dropped their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Finally, Morgan Stanley assumed coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $100.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.75.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.